Andeans Macro Daily(Beta Mode)
Chile Stocks Rise as PEN Weakens Sharply
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 39.83 | +1.50% |
| MSCI Peru | 80.22 | +0.26% |
| USD/COP | 3,796.75 | -0.02% |
| USD/CLP | 900.43 | +0.30% |
| USD/PEN | 3.42 | +1.65% |
| Copper | 6.24 | -0.46% |
| Gold | 4,542.30 | -0.22% |
| Brent Crude | 111.05 | -0.94% |
| Bitcoin | 76,853.98 | -0.13% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Chile Policy Rate vs CPI | Type: macro_line | Short-Term Rate %: 4.5 (2026-03-01) | Range: 0.32–11.25 | Trend(5pt): 0.32,9.75,9.44,5.15,4.5
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MSCI Chile gains 1.5% while copper eases modestly
- USD/PEN jumps 1.65% amid limited regional data
- No major releases across Colombia, Chile or Peru
Yesterday's Recap
Chile's equity market led Andean performance as MSCI Chile rose 1.50 percent to 39.83, supported by mining names despite softer copper prices. Peru's MSCI index advanced 0.26 percent to 80.22 while Colombia's MSCI Colombia held flat at 9.02. The Chilean peso weakened as USD/CLP increased 0.30 percent to 900.43.
In Peru the currency came under pressure with USD/PEN rising 1.65 percent to 3.42. Colombia's peso remained stable as USD/COP declined just 0.02 percent to 3,796.75. Copper prices fell 0.46 percent to 6.24, weighing on fiscal projections for Chile and Peru.
Brent crude declined 0.94 percent to 111.05, limiting upside for Colombian fiscal accounts. Chile's first-quarter GDP contracted even as investor optimism rose following the new administration's market-friendly agenda. Peru continues to face weather-related risks that threaten informal settlements and broader economic stability.
Brazil's 1.3 percent first-quarter expansion provides a mixed regional backdrop for Andean trade partners. Commodity revenue remains central to fiscal balances across the three economies.
The Day Ahead
No economic releases are scheduled for Colombia, Chile or Peru on May 20. Market participants will track global commodity prices given copper's importance to Chile and Peru and oil's relevance to Colombia. Central bank speeches from BCCh, BCRP and BanRep may offer fresh policy signals.
Equity flows could respond to external risk sentiment and Chinese demand indicators. FX volatility in CLP, PEN and COP is expected to remain contained absent fresh data.
Other Economic Notes
Chile's first-quarter GDP contracted even as investor optimism rose following the new administration's market-friendly agenda. Peru continues to face weather-related risks that threaten informal settlements and broader economic stability. Brazil's 1.3 percent first-quarter expansion provides a mixed regional backdrop for Andean trade partners.
Commodity revenue remains central to fiscal balances across the three economies. Lithium output targets in Chile stay on track despite ongoing price pressure.
